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What Is Meant by Jatis and the Jajmani System in India

question 45

Essay

What is meant by jatis and the jajmani system in India? How does a jajmani economy work? What are the anthropological explanations for the origin and maintenance of jajmani?


Definitions:

Residual Income

A performance measure for investment centers that subtracts the opportunity cost of the investment from the income generated by the assets of the investment.

Senior Management

High-level executives responsible for the overall management and effectiveness of an organization.

Inventory Levels

The quantity of goods and materials on hand at any given time in a company.

Absorption Costing

An accounting method that includes all manufacturing costs—direct materials, direct labor, and both variable and fixed manufacturing overhead—in the cost of a product.

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